FIG 0.00% 2.0¢ freedom insurance group ltd

I can't attest to the person's reliability, but a source told me...

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    I can't attest to the person's reliability, but a source told me the number of outbound sales on funeral insurance is 'significant'.

    This is bad, 88% of their total sales is funeral insurance. If a 'significant' % of this 88% is going to be banned then FIG will be in trouble.

    Their underlying business model is now at risk, and the cost of retrenchment and re-organisation will chew into that NTA. (so not much comfort with the share price trading below NTA). The company is also at risk of operating at a loss until it can get a new business model that does not involve outbound sales.

    Off loaded most of my position at a loss.
 
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